Wealth Management

Wealth Management

At Ely Prudent Portfolios, wealth management is much more than just investing. It is a coordinated approach that enables clients to achieve their personal, financial, and philanthropic goals. By coordinating the investment management, income tax strategies, and estate planning functions, our clients are better able to maximize after-tax family wealth.   The strategies for wealth management vary significantly depending on whether the client is in the wealth accumulation or wealth distribution phase.  

Wealth Accumulation

For wealth accumulation, the focus is on the amount of savings and the tax efficiency of the saving vehicles selected. Based on the time horizon and other risk tolerance factors, we determine a prudent allocation between stocks, bonds, and cash. Strategically planning where to hold specific assets across our clients' taxable, retirement, and tax-free accounts can significantly improve the after-tax wealth accumulation.  

Wealth Distribution

For wealth distribution, the attention shifts to determining the best order for withdrawing assets from taxable, retirement, and tax-free accounts. The more tax-efficient the plan, the more after-tax dollars our clients will have available for personal use. At this time, estate and gift planning strategies are developed to maximize transfers to heirs. Charitable giving is often incorporated into the estate plan in order to minimize income and estate taxes while, at the same time, maximizing distributions to favored charities.  

Our Wealth Management Services

As a wealth management firm we help families with the intergenerational accumulation, distribution, and transfer of wealth. We accomplish these objectives by working with their attorneys, CPAs, and other professionals to make sure an appropriate plan is developed and that it is implemented correctly. When managing our client’s portfolios, we realize that getting ownerships, beneficiaries, distributions, and taxes right is as important as getting the investment selections right.